Pros
The company benefits are great, when you work in the division you are lucky to meet interesting and exciting people. Depending on which division you work in, the upper management communicates with staff regularly. My division was strong on meetings and emails. Got to meet a great bunch of artists, management and be a part of good projects.
Cons
Favoritism is the only way to get promoted..it doesn't matter how much work you do they will pass you over for a promotion unless you take on roles that only the president will notice. The long hours and extended hours leave little wiggle room for family time. Extremely a cut throat business, and since its the music industry, they have the attitude that anyone will be thrilled to have your job for less.